1:50 PM · 24 March 2022

BREAKING: USD sees little reaction to upbeat US PMI data

The IHS Markit Manufacturing PMI for the US rose to 58.50 in March from 57.3 in February and above market forecasts of 55.8, preliminary estimates showed.

Services PMI jumped to 58.90 in February from 56.50 in the previous month and above analysts' expectations of 56.0, a preliminary estimate showed.

EURUSD saw relatively small reaction to today’s data inflation release. The most popular currency pair continued to trade around 1.0980 level. Source: xStation5

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